Vulcan Flyovers offers scenic overflights of Mount Saint Helens, the volcano in Washington State that explosively erupted in 1982. Data concerning the company's operations in July appear below:

Vulcan Flyovers
Operating Data
For the Month Ended July 31
	Actual Results	Flexible Budget	Planning Budget
Flights (q)	54	54	52
Revenue ($360.00q)	$ 16,000	$ 19,440	$ 18,720
Expenses:
Wages and salaries ($3,400 + $89.00q)	8,168	8,206	8,028
Fuel ($33.00q)	1,946	1,782	1,716
Airport fees ($860 + $34.00q)	2,586	2,696	2,628
Aircraft depreciation ($10.00q)	540	540	520
Office expenses ($250 + $1.00q)	472	304	302
Total expense	13,712	13,528	13,194
Net operating income	$ 2,288	$ 5,912	$ 5,526

The company measures its activity in terms of flights. Customers can buy individual tickets for overflights or hire an entire plane for an overflight at a discount.

Required:

a flexible budget performance report for July that includes revenue and spending variances and activity variances.(Indicate the effect of each variance by selecting "F" for favorable, "U" for unfavorable, and "None" for no effect (i.e., zero variance). Input all amounts as positive values.)

Vulcan Flyovers
Flexible Budget Performance Report
For the Month Ended July 31
	Actual Results		Flexible Budget		Planning Budget
Flights	54			54			52
Revenue	$16,000			$19,440			$18,720
Expenses:
Wages and salaries	8,168			8,206			8,028
Fuel	1,946			1,782			1,716
Airport fees	2,586			2,696			2,628
Aircraft depreciation	540			540			520
Office expenses	472			304			302
Total expense	13,712			13,528			13,194
Net operating income	$2,288			$5,912			$5,526